Silvia's Studio provided $150 of dance instruction and rented out its dance studio to the...
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Accounting
Silvia's Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid cash immediately. Identify the general journal entry below that Silvia's Studio will make to record the transaction.
Question 31 options:
A)
Account Title
Debit
Credit
Rental Revenue
100
Instruction Revenue
150
Cash
250
B)
Account Title
Debit
Credit
Accounts Payable
250
Rental Revenue
100
Instruction Revenue
150
C)
Account Title
Debit
Credit
Cash
250
Rental Revenue
100
Instruction Revenue
150
D)
Account Title
Debit
Credit
Rental Revenue
100
Instruction Revenue
150
Accounts Receivable
250
E)
Account Title
Debit
Credit
Unearned Revenue
250
Rental Revenue
100
Instruction Revenue
150
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